Mutual of America Capital Management LLC Has $3.85 Million Stock Holdings in DXC Technology (NYSE:DXC)

Posted by Defense World Staff on Aug 5th, 2023

Mutual of America Capital Management LLC reduced its stake in DXC Technology (NYSE:DXC – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,707 shares of the company’s stock after selling 1,635 shares during the quarter. Mutual of America Capital Management LLC owned about 0.07% of DXC Technology worth $3,852,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of DXC Technology during the fourth quarter worth approximately $69,385,000. Arrowstreet Capital Limited Partnership increased its position in DXC Technology by 60.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,470,844 shares of the company’s stock worth $65,477,000 after acquiring an additional 927,480 shares during the period. Millennium Management LLC raised its stake in DXC Technology by 993.5% in the 2nd quarter. Millennium Management LLC now owns 682,855 shares of the company’s stock worth $20,697,000 after purchasing an additional 620,408 shares in the last quarter. AQR Capital Management LLC boosted its holdings in DXC Technology by 28.7% in the 4th quarter. AQR Capital Management LLC now owns 2,690,928 shares of the company’s stock valued at $71,310,000 after purchasing an additional 600,507 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in DXC Technology by 20.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,207,632 shares of the company’s stock valued at $56,427,000 after purchasing an additional 372,002 shares during the period. 91.42% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Up 1.1 %

Shares of NYSE DXC opened at $19.32 on Friday. The company has a 50 day simple moving average of $26.63 and a 200 day simple moving average of $26.11. The firm has a market cap of $4.07 billion, a PE ratio of -6.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.94. DXC Technology has a 1 year low of $18.61 and a 1 year high of $30.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.18 and a quick ratio of 1.18.

DXC Technology (NYSE:DXC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). DXC Technology had a positive return on equity of 16.70% and a negative net margin of 4.47%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts forecast that DXC Technology will post 3.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DXC shares. Citigroup lowered DXC Technology from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $25.00 in a report on Thursday. Royal Bank of Canada downgraded shares of DXC Technology from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $34.00 to $29.00 in a report on Thursday. TheStreet downgraded shares of DXC Technology from a “b-” rating to a “c-” rating in a research report on Thursday, May 18th. BMO Capital Markets downgraded DXC Technology from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $27.00 to $25.00 in a report on Thursday. Finally, Morgan Stanley decreased their price target on DXC Technology from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.62.

DXC Technology Company Profile

(Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).